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SingaporeAccountingQuick questions
Adjustments and the Matching Principle
Quick questions on Depreciation of non-current assets: N(A)-Level Principles of Accounts
3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
State the straight-line depreciation on an asset costing \5,000$ with no residual value over 4 years. [2 marks]
What is q2?Show answer
An asset has cost \20,000\. State its net book value. [1 mark]
What is q3?Show answer
Explain why reducing-balance depreciation gives a larger charge in the early years. [2 marks]
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